Business Activity Lowest Since 2012, So Where Does the 4.9% GDP Growth Come From?

This is from The Edge :

Manufacturers brace for slowdown as business dips to lowest since 2012

August 21, 2019 17:50 pm +08

KL (Aug 21): 

Msian manufacturers bracing for slowdown in (2H19)

after business activity in 1H19 fell to lowest since 2012

FMM president Datuk Soh said manufacturers cautious on outlook

latest FMM-MIER Business Survey, 509 respondents in 16 industry sub-sectors

"only 29%  respondents projecting pick-up in business activity"

release of FMM-MIER Business Conditions Survey for 1H19

survey carried out jointly with MIER

general business index for 1H19 fell 29 points to 78 from 2H18

lowest reading since survey’s inception seven years ago 

all indices tracked by survey fell in 1H19, compared to 2H18

include export sales and production barometers

weak demand resulted in 34-point decline in export all-time low of 73

production barometer plummeted 29 points to 82

its lowest reading since 1H12

My comments : So where is that 4.9% GDP growth announced by the government for the last quarter coming from? 

Creating accounting kah? 

Dr Muhd Khalid the PM's Economic Advisor, can you check with Guan Eng on his figures?

Because the above survey by the FMM-MIER seems closer to the truth. 

They have directly surveyed 509 manufacturing companies across 16 industry sub-sectors. 

That is likely more representative of what is going on in the economy.

Here is something directly from the ground. 

Please look at these pictures. This is the very strategically located Old Town White Coffee in Bangsar South.  This outlet has been here for more than 10 years. It was one of my favorite meeting places when people come to meet up.  

That information about the cellular phone companies was given to me over white coffee at this Old Town. 

Beside this Old Town White Coffee are a 7-11 and Sid's Pub, which have also been there for many years.

Well a few weeks back ALL THREE of these outlets Old Town White Coffee, that 7-11 and Sids Pub have closed shop. 

Tiga-tiga kedai sudah tutup !

A kopitiam, a convenience store and a neighborhood pub which have been at this location for so many years have all closed shop.  That tells you where the economy is headed.

The country seems to be closing shop.

The government seems to be wasting time with useless and trivial things some of which will only endanger the security of the country.  

I think the government under Dr Mahathir is not only a threat to the economy of the country but the government is also becoming a threat to the security of the country.

So where is that 4.9% GDP growth coming from? 

Please do not fudge the numbers. Someone will always find out.